Investor Revolt Possible at Hewlett-Packard

2/25/2013 10:57AM

Hewlett-Packard chairman Ray Lane and three fellow board members plan to meet with about 20 of the computer maker's big investors Monday in hopes of heading off a campaign to unseat Mr. Lane and two other directors. Joann Lublin reports on Markets Hub. Photo: AP.

This transcript has been automatically generated and may not be 100% accurate.

... I ... Hewlett-Packard posted some of ... the markets last week when the earnings are ... expected ... you saw a jump there ... but a lot of investors still must be one of them supported the to do its thing is seen is the story HP me rest and investors ... they're going to be a very interesting meeting today between so between some investors and a couple of directors who are really on the hot seat ... Plan Loveland is here with this story can see till the package is basically flat ... the a wind chill it to be a flannel August meeting today I'd tell us exactly gone on ... well what's going on here is shareholding not think the sport has performed well ... and the like to see some changes in content Claire because of the mass over Autonomy write which with its eleven billion dollar takeover of the software company where they wrote off most of the tire late last year and said they basing guy who wait on the accounting side ... now on the chairman Ray really is going to be in this meeting Iraqi is especially on the hot seat ... at you ... how do you defend your economy ... I note within the deal ... well I think where the upcoming Calvin is that they got snow occurred along with many people and management ... on that they've done everything they can including involving some of the regulators on both sides of the pond ... and that basically shareholders have to give the board as well the relatively new CEO Meg Whitman ... more time to turn things around ... she was the not very patiently stages we I e I at the gunfire told ... anybody ... but all my wife sales of all my Micrel boss I ... pod I that's not going to do to make the twenty billion ... I don't think that would fly ... into a fight with its more than just the economy right in the company has been under pressure ... the PC business is been under for ... time ... and those in the coming after a bombing Shorenstein chain after a bombing or and CEO as ... an anthem for that for many years has not been able to shoot straight they'd come under criticism numerous times before ... and the foreign exchange Nick ... numerous times before ... but what the thread here is that that some activist shareholders will mount a campaign ... and try and get other shareholders to vote against Marie Lane and two other directors re-election and who would be shareholders whose involve how much momentum to the really ... well the engine is limited at this point because I could do one here with these directors have been but ... I mean you saw this the four directors ... sit down with one eons to tell investors on the NE and they represent a pretty sizable stake in Heitner many shows up was to agree to calm ... that almost seven percent of the outstanding shares ... it's not clear that all those who are attending this meeting really have strong feelings one way or another ... but clearly the board is being responsive they should get some credit for lease ... listed here one is when does the shareholder though March twenty more damning cocoa the American last time to put together a campaign and he can think in general are protests that's ... right it's rare that board members or CEO is standing for election ... get voted down any means but when they knew they generally don't last too long ... write to